Hello all. I have enjoyed browsing this forum for the last couple of days. Lots of good info has been offered up.
I got into the pizza business when I was 18 fresh out of high school as a delivery driver. Six and half years later I have a college degree in Biology and and am the store manager (for the last two years). I have gone back and forth between going back to school for one more year to get a teaching credential and teach at the high school level or open up my own shop. It has been a tough decision for me. After investing five years of my life and over $10,000 towards school it should probably seem common sense to do something with my degree. Deep down though I know I should go the pizza route. It just feels right. I enjoy doing what I do.
Anyways, that is just a little background information. The type of shop I would be looking to open would be a Del/CO with the option for dine in. But focusing mainly on Del/CO because that is the kind of shop I currently manage. We have seating for about 24 but dine in is a small percentage of our overall sales.
I should mention that I am looking to open a shop in 2-3 years, not anytime sooner. This is because 1) i have no money. and 2) my girlfriend is starting graduate school in the fall so she will be tied down with that for the next two years.
I am open for any and all advice on how I should go about the next two years. Specifically though, I think I need financial advice. How do I get myself in a good situation financially in the next two years? Don’t know what my credit score is but I am pretty sure it is poor. I basically have like $500 to my name right now. Owe $1500 on a credit card and $9,000 in student loans. At my current pay and hours I think I can save up a $1000 a month if I am more conscience of my spending. So 24 months from now that would be $24000. But maybe like six or seven thousand of that would have to go towards paying off my current debts. So that would leave me at like 17 or 18 thousand saved up after 24 months.
Thoughts?
I got into the pizza business when I was 18 fresh out of high school as a delivery driver. Six and half years later I have a college degree in Biology and and am the store manager (for the last two years). I have gone back and forth between going back to school for one more year to get a teaching credential and teach at the high school level or open up my own shop. It has been a tough decision for me. After investing five years of my life and over $10,000 towards school it should probably seem common sense to do something with my degree. Deep down though I know I should go the pizza route. It just feels right. I enjoy doing what I do.
Anyways, that is just a little background information. The type of shop I would be looking to open would be a Del/CO with the option for dine in. But focusing mainly on Del/CO because that is the kind of shop I currently manage. We have seating for about 24 but dine in is a small percentage of our overall sales.
I should mention that I am looking to open a shop in 2-3 years, not anytime sooner. This is because 1) i have no money. and 2) my girlfriend is starting graduate school in the fall so she will be tied down with that for the next two years.
I am open for any and all advice on how I should go about the next two years. Specifically though, I think I need financial advice. How do I get myself in a good situation financially in the next two years? Don’t know what my credit score is but I am pretty sure it is poor. I basically have like $500 to my name right now. Owe $1500 on a credit card and $9,000 in student loans. At my current pay and hours I think I can save up a $1000 a month if I am more conscience of my spending. So 24 months from now that would be $24000. But maybe like six or seven thousand of that would have to go towards paying off my current debts. So that would leave me at like 17 or 18 thousand saved up after 24 months.
Thoughts?
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